Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Hemant Thukral of Aditya Birla Money recommends going long on Bata India with a stoploss of Rs 860 and target of Rs 910.
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
Sudarshan Sukhani of s2analytics.com recommends going long in Bata India whenever the market stabilises. "Bata's effort to rally has been rewarded, market likes it and chances of making lifetime new high is very close," he adds.
According to Manas Jaiswal of manasjaiswal.com one can buy Ranbaxy Laboratories at current levels with stop loss of Rs 335.
Vishal Kshatriya of Edelweiss recommends buying Bata India with a target of Rs 900 and buy Titan Industries with a target of Rs 250.
Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.
Traders could buy Bata India and expect a reasonable breakout on the upside, feels Sudarshan Sukhani of s2analytics.com.
One may go long in Adani Ports, Bata India, Jubilant Foodworks and Sun Pharma Advanced Research Company, says Ashish Kapur of Invest Shopee India.
SP Tulsian of sptulsian.com advised buying Karnataka Bank with a target price of Rs 124 and Future Retail with a target price of Rs 106.
Manas Jaiswal of manasjaiswal.com suggests to go short on Jaiprakash Associates and UCO Bank.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India and selling National thermal Power Corporation.
Parag Doctor of Keynote Capital is bullish on Arvind and Bata India, while bearish on Indian Oil Corporation and Rural Electrification Corporation.
Sharmila Joshi of Peerless Securities advised buying Arvind with a target price of Rs 89 and Reliance Communications with a target price of Rs 121.
According to SP Tulsian of sptulsian.com Century Textile is a good short-term buy at around Rs 293 and it can move to a level of Rs 310 in this month itself.
Sudarshan Sukhani of s2analytics.com is positive on JSW Steel and Bata India and has recommended to buy both these stocks.
Ashish Kapur of Investshoppe is of the view that one can go long on Bata India with a target of Rs 915 and stop loss at Rs 850.
Sharmila Joshi of Peerless Securities advised buying Karnataka Bank with a target price of Rs 151 and keep a stoploss at Rs 145.
Parag Doctor of Keynote Capital recommends buying Aurobindo Pharma, Bata India, while keeps sell rating on Canara Bank and Indiabulls Real Estate.
Ashish Kapur of Investshoppe is bullish on Tata Global Beverage, Bata India and Sun TV Network.
According to Mehraboon Irani of Nirmal Bang Securities one can pick Bata India from consumption space for one - two year perspective.
Buying opportunity is seen in Bata India. One can buy it on correction, says Sudarshan Sukhani of s2analytics.com.
Bata India is expected to continue its outperformance in the month of June, says Sudarshan Sukhani of s2analytics.com.
One can buy Bata India at current levels, keeping a stop loss at Rs 815, says Nooresh Merani of AMSEC Research. He also advised buying Tech Mahindra and Mahindra Satyam.
According to Sudarshan Sukhani of s2analytics.com, one should buy Bata India with stoploss. "Yesterday it broke out of trading range. These trading range breakouts are essentially suggesting that a big expansion is coming," he adds.
SP Tulsian of sptulsian.com advised buying Pidilite Industries with a target price of Rs 303 while Saurabh Mittal of Swadeshi Capital says one can buy Havells India with a target price of Rs 740.